The United Kingdom, in its new Aid Strategy out this week, and the Bill & Melinda Gates Foundation have jointly announced the creation of a £1 billion Ross Fund (named after a pioneering scientist) to fight malaria and neglected tropical diseases. But why not use the existing Global Fund for the new initiative instead of creating yet another health-related fund, of which the world is already lumbered with too many?
CGD Policy Blogs
Overseas development assistance amounts to about $135 billion dollars annually, but the cost of paying for the Sustainable Development Goals will be in the trillions. As a result, blended finance is something of a buzz phrase these days. I left a workshop on blended finance last week in Paris excited about the potential of these new structures and instruments to deliver social returns. But I was also struck by the challenges DFIs and their advocates must overcome in order to fully realize that potential.
Since the start of FP2020’s endeavor to mobilize increased global effort on family planning as a means to empower women and improve health, about 24 million more women with reported unmet need are using contraception. But much remains to be done; a comparison of commitments and baselines in 2012 to mid-2015 makes clear that the global effort must overcome several hurdles to meet its 2020 aspirations.
Next week, the G-20 Leaders will meet in Antalya, Turkey, to continue their conversation about the importance of financial inclusion in achieving strong, sustainable, balanced economic growth. One item on the agenda will be the cost of remittances. In 2009, G-8 Leaders set a goal of reducing remittance costs to 5 percent within 5 years, roughly a 5 percentage point decrease.